Search
MIM Stablecoin Suffers Flash Crash Amid $6.5M Exploit
30.1.2024
The stablecoin issued by decentralized platform Abracadabra.money {MIM}, suffered a flash crash to $0.76 after reports emerged of a $6.5 million exploit
Fintech Provider Portal Raises $34M Seed Round for Bitcoin-Based Decentralized Exchange
30.1.2024
Portal aims to offer a decentralized infrastructure for peer-to-peer swapping of BTC across different blockchains without the need for intermediaries, which heighten the risk of hacks
Defendant Pleads Guilty to Drug Related Charges, Forfeits $150 Million Worth of Cryptocurrency
30.1.2024
An Indian national has pleaded guilty to conspiracy and narcotics-linked charges issued by a United States District Court. The guilty plea resulted in a forfeiture of $150 million worth of cryptocurrency. In a recent press release, the United States Attorney General’s Office in the Southern...
Cross-chain freedom takes flight: LayerZero V2 is live!
30.1.2024
With permissionless, censorship-resistant, and fixed compatibility with over twenty chains, LayerZero V2 is currently live. V2 includes several premium features, including universal messaging. This will enable relaying any type of message accumulated between nodes, including tokens, arbitrary data...
Chris Dixon’s New Book Explores All the Cool Stuff Blockchain Can Do
30.1.2024
Chris Dixon, general partner at Andreessen Horowitz, releases his new book “Read Write Own: Building the Next Era of the Internet” on Jan. 30. He wrote the book to show how blockchain offers an opportunity to create an open internet fostering creativity and progress. Dixon, who joined...
SEC Charges Two Masterminds Behind $1.9 Billion HyperFund Crypto Ponzi Scheme
30.1.2024
The US Securities and Exchange Commission (SEC) has charged two masterminds behind the $1.9 billion crypto fraud investment scheme HyperFund. The regulator has indicted Australian blockchain entrepreneur Sam Lee and HyperFund promoter Brenda Chunga for their involvement in the Ponzi scheme....
Forget Ethereum, this rival token Priced at $0.09 will reach $16 in 2024
30.1.2024
  The cryptocurrency landscape is witnessing a seismic shift as a new challenger, priced at a mere $0.09, emerges to rival Ethereum’s long standing supremacy. This token, Retik Finance, is not just another entrant in the crowded crypto space; it represents a paradigm shift...
Binance Now Allows Larger Traders to Keep Their Assets Elsewhere: FT
30.1.2024
The move may reflect users' unease about Binance's regulatory dispute in the U.S. which saw it landed with a $4.3 billion fine in November
dYdX Community Likely to Approve Foundation’s $30 Million Funding Proposal
30.1.2024
The dYdX tokenholders are voting on the $30 million fundraising request proposed by the dYdX Foundation, which is likely to get approved. The Foundation published a blog on Jan. 25 detailing its fundraising proposal. This proposal, if approved, will grant the Foundation $30 million in DYDX tokens...
Rep. French Hill Voices Optimism for Crypto Legislation Progress in 2024
30.1.2024
U.S. House Representative and Financial Services Subcommittee on Digital Assets Chair French Hill (R-AR) has voiced optimism about the progress of cryptocurrency legislation in 2024. During an event hosted by the Foundation for Defense of Democracies on Jan. 29, Hill discussed the crypto...
dYdX Foundation Requests $30M Budget, Pledges to Issue Annual Spending Report
30.1.2024
The Foundation wants to preserve an 18 month runway through at least mid-2026
Binance Survey: 73% of European Users Optimistic About Crypto’s Future
30.1.2024
A new Binance survey has found that 73% of European respondents are optimistic about the future of crypto, with 55% exclusively using cryptocurrencies for everyday purchases. “We are delighted to see the high level of optimism amongst European crypto users, reflecting the growing interest...
Amazon Developing Movie on Bitcoin Money Laundering Couple Linked to Bitfinex Hack
30.1.2024
Amazon MGM Studios is reportedly in the early stages of developing a movie based on the exploits of the couple involved in laundering billions of dollars worth of Bitcoin connected to the 2016 hack of the cryptocurrency exchange Bitfinex. According to a report from Deadline on January 26, the film...
Belarus Set to Launch Hyperledger Fabric-powered Digital Ruble Platform
30.1.2024
Belarus is edging closer to the launch of its CBDC, the digital Belarusian ruble, with a new “platform” built on the open Hyperledger Fabric blockchain network. Per Ekononmicheskaya Gazeta, the National Bank of Belarus and the Center for Banking Technologies “began developing a platform for...
OKX Expands Token Support, Adds Atomicals, Stamps, Runes, and Doginals to Platform
30.1.2024
OKX, a prominent Web3 technology company, has announced its pioneering initiative to become the first platform to support four new inscription token standards, namely Atomicals, Stamps, Runes, and Doginals. On January 29, OKX announced its plans to add Atomicals and Runes to its marketplace as part...
Stellar Development Foundation Votes to Delay Protocol 20 Upgrade Amid Bug Concerns
30.1.2024
The Stellar Development Foundation wishes to put a hold on the upcoming Protocol 20 upgrade of the Stellar blockchain network, originally scheduled for January 30. This decision follows the discovery of a bug that could impact the Soroban smart contract transactions. Stellar Development Foundation...
Web3 Gaming Firm Immutable Opens zkEVM Mainnet Early Access with Polygon
29.1.2024
Gods Unchained developer Immutable launched early access for its zkEVM Mainnet powered by Polygon on Monday. In the early access period, a mainnet deployer allowlist will be in place to guarantee operational smoothness and user security. Initially, this allowlist will include specific game studios...
How To Stop Criminals From Exploiting DeFi, According To Polygon Labs
29.1.2024
Polygon Labs – the main developers behind the blockchain scaling network Polygon – published a research paper on Monday explaining how the government should go about regulating the DeFi industry. From the Treasury Department to the U.S. Senate, politicians have been loudly criticizing crypto’s...
Kresus App and Worldcoin’s Tools for Humanity Forge Web3 Partnership
29.1.2024
On Monday, Kresus, the Web3 platform specializing in cryptocurrencies and non-fungible tokens (NFTs), unveiled a collaboration with Tools for Humanity, the creators of the Worldcoin initiative and the World ID identification system. World ID Meets Kresus App Kresus and Tools for Humanity (TFH) have...
Record-high Hash Rates and Mining Difficulty Pushed Miners to Sell BTC: Compass Mining
29.1.2024
Bitcoin miners were forced to liquidate a portion of their Bitcoin holdings to cover operational expenses due to the surge in hash rates and mining difficulty, according to data from Compass Mining. In its annual review of the Bitcoin mining ecosystem, Compass Mining highlighted that the older...